Hợp đồng & Thực hiệnCâu 838 / 1605
A 'novation' occurs when:
a.The parties add a new completion date only
b.A contract is simply photocopied
c.A new party is substituted for an original party, with all parties agreeing to release the original and create a new contract
d.A party unilaterally raises the price
Giải thích
A novation is the substitution of a new party or a new obligation for an existing one, with the consent of all parties, which extinguishes the old contract and replaces it with a new one, thereby releasing the original obligor. It is more than a simple assignment or delegation because it discharges the original party's liability. Copying a document, unilateral price changes, or merely adding a date are not novations; all parties must agree to the substitution and release.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Assignment of a contract generally refers to:
- A general contractor delegates the plumbing work to a licensed plumbing subcontractor. With respect to the owner, the general contractor generally remains:
- Which type of contractual duty is generally NOT delegable to another party without the other party's consent?
- A written subcontract requires the general contractor's prior written approval before the subcontractor may assign the subcontract. The subcontractor assigns it anyway with no approval. The assignment is most likely:
- The parol evidence rule generally limits a party's ability to:
- Which of the following is generally an EXCEPTION where evidence outside the written contract may still be admitted despite the parol evidence rule?
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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)